Schedule CT-1041 ESBT: Connecticut Electing Small Business Trust Income Computation (2025)
Connecticut · Connecticut DRS · Used for tax years 2025
Schedule CT-1041 ESBT computes income and deductions for the S portion of an electing small business trust. It reports amounts from the federal ESBT tax worksheet alongside Connecticut-sourced amounts and calculates taxable income for the S portion.
Who files this form
Schedule CT-1041 ESBT is for an electing small business trust’s Connecticut income computation for tax year 2025. It calculates taxable income for the S portion of the trust, including Connecticut-sourced amounts.
What you'll need
Have these items available to complete the schedule:
- The trust or estate’s name and Federal Employer ID Number (FEIN).
- The federal ESBT Tax Worksheet for the amounts reported in Column A.
- Connecticut-sourced amounts for Column B.
- Schedule K-1 (Form 1120-S) information for other income or losses and allowable deductions.
- Amounts for administrative expenses and state and local income taxes allocated to the S portion, interest expense on debt used to acquire S corporation stock, and the charitable contribution deduction.
Line 3 directs you to attach Schedule D (Form 1041) for capital gain. Line 11 directs you to attach Form 8995 or 8995-A for the S portion’s qualified business income deduction.
Common mistakes
- Using the wrong year’s form. The form warns that each version is year-specific. Submit the correct year’s form to the Department of Revenue Services to avoid processing delays. This version is for tax year 2025.
- Using an ink color other than blue or black. The schedule must be completed in blue or black ink only.
Questions people ask
What goes in Columns A and B?
Column A is for amounts reported on the federal ESBT Tax Worksheet. Column B is for Connecticut-sourced amounts.
How do I calculate total income?
Add Lines 1, 2a, 3, and 4, and enter the result on Line 5.
How do I calculate taxable income for the S portion?
Add Lines 6 through 11 to calculate total deductions on Line 12. Subtract Line 12 from Line 5 to calculate taxable income on Line 13.
What if my charitable contribution deduction includes a prior-year carryover?
Check the box on Line 10 if the deduction includes a prior-year carryover.
Where do I report the Connecticut-sourced amount from Line 13?
Include the amount from Line 13, Column B, on Schedule CT-1041C, Line 7, and Schedule CT-1041FA, Line 4a.